Square IPO sets off strong trading after company sputters at the starting block

Discussion in 'Market News' started by Lily, Nov 20, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Stock opens at $9, less than CEO Jack Dorsey had hoped for, but rises to over $12 in early trading to keep hope alive for so-called unicorn startups

    The “unicorns” are still alive! Just. The share sale of mobile payment company Square got off to a good start on Thursday – but only after the Silicon Valley startup was forced to slash the price of its offer.

    Square, one of the Silicon Valley “unicorn” startups – companies valued at billions of dollars despite an absence of profits – began trading on Thursday morning on the New York stock exchange.

    "I'm at both co's every day. There's a @bluebottleroast in between. And they take ApplePay" - @jack on @CNBC pic.twitter.com/GKHVwWsp5t

    LIVE on #Periscope: On the floor $SQ https://t.co/o3ZWs6lEpu

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